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IDBI Capital Vs Groww (Compare IDBI Capital and Groww)

IDBI Capital Markets and Securities Ltd Logo

About IDBI Capital
Incorporated in December 1993, IDBI Capital Markets and Securities Ltd. (IDBI Capital), is a wholly owned subsidiary of IDBI Bank Ltd. IDBI Capital offers online trading in Equities, F&O, Mutual Funds, and IPOs etc. It also distributes Third Party Products, like Fixed Income Products, Mutual Funds etc., The company is amongst the top 10 MF distributors in India. IDBI Capital offers its online trading services through www.idbidirect.in (previously called IDBI paisa builder). IDBI Capital of... Know more about IDBI Capital Markets and Securities Ltd

IDBI Capital Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs
Nextbillion Technology pvt ltd Logo

About Groww
Groww is a Bangalore based broker offering online flat fee discount brokerage services to invest in Equity, IPO, and Direct Mutual Funds. Groww is the brand name for Nextbillion Technology Private Limited who is a SEBI registered stockbroker and a member of NSE and BSE. Established in 2016, Groww initially started as a direct mutual fund investment platform. In the mid-2020s, Groww expanded its product offering to include Equity trading. The company also offers Digital gold, US Stocks, and Fixe... Know more about Nextbillion Technology pvt ltd

Groww Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs
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IDBI Capital Vs Groww

Incorporated in 1993, IDBI Capital is a Full Service Broker. It offers trading at BSE, NSE, NSDL. It has 14 branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

  IDBI Capital Groww
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, NSDL NSE and BSE
Year of Incorporation 1993 2016
Number of Branches 14 0
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IDBI Capital Vs Groww Charges & AMC

IDBI Capital trading account opening charges is Rs 500 while Groww account opening changes is Rs 0 (Free). IDBI Capital Demat Account AMC Charges is Rs 450 and Groww Demat Account AMC Charges is Rs 0.

  IDBI Capital Groww
Trading Account Opening Charges Rs 500 Rs 0 (Free)
Trading Account AMC Charges NIL Rs 0
Demat Account Opening Charges NIL Rs 0
Demat Account AMC Charges Rs 450 Rs 0
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IDBI Capital Vs Groww Brokerage

IDBI Capital brokerage charges for equity is 0.50% and intraday is 0.05% whereas Groww brokerage charges for equity is Rs 20 per executed order or 0.05% whichever is lower and intraday is Rs 20 per executed order or 0.05% whichever is lower.

Account Type IDBI Capital Standard Plan Groww Standard Plan
Fixed Charges NA
Equity Delivery 0.50% Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday 0.05% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures 0.05% Rs 20 per executed order
Equity Options Rs 100 per lot Rs 20 per executed order
Currency Futures NA NA
Currency Options NA NA
Commodity Futures NA NA
Commodity Options NA NA
Special Offer

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

IDBI Capital Vs Groww Brokerage Plan 2

  IDBI Capital Groww
Account Type Ace Trader Plan Standard Plan
Fixed Charges NA
Equity Delivery 0.10% to 0.50% Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday 0.020% to 0.050% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures 0.020% to 0.048% Rs 20 per executed order
Equity Options Rs 100 per lot Rs 20 per executed order
Currency Futures NA
Currency Options NA
Commodity Futures NA
Commodity Options NA

IDBI Capital Charges Vs Groww

Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower. Rs 20 or 0.05% per executed order
Other Charges Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50
Call & Trade Charges Nil NA
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IDBI Capital Vs Groww Transaction Charges

IDBI Capital transaction charges for options is 0.051% on premium while Groww exchange transaction charges for options is NSE: 0.053% on premium.

  IDBI Capital Groww
Equity Delivery 0.00325% NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday 0.00325% NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures 0.0019% NSE: 002%
Equity Options 0.051% on premium NSE: 0.053% on premium
Currency Futures NA NA
Currency Options NA NA
Commodity NA NA
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IDBI Capital Vs Groww Leverage (Margin)

IDBI Capital margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Groww margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  IDBI Capital Groww
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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Compare IDBI Capital and Groww Features

The trading platforms offered IDBI Capital include Power Pro, Power Streaming, IDBI Direct. Groww offers Groww trading software.

  IDBI Capital Groww
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding No No
Margin Against Shares (Equity Cash) Yes No
Margin Against Shares (Equity F&O) Yes No
Trading Platform Power Pro, Power Streaming, IDBI Direct Groww
Intraday Square-off Time 3:00 PM 3:10 PM
Trading In SME Shares Allowed? No
Referral Program
Other Features Morning Report, Equity SIP, Investment Guide
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IDBI Capital Vs Groww Review

IDBI Capital is rated 2.6 of 5 based on 41 customer reviews whereas Groww is rated 4.1 of 5 based on 72 customer reviews.

  IDBI Capital Groww
  41 Customer Reviews    Rate IDBI Capital 72 Customer Reviews    Rate Groww
Fees 3.2 4.3
Brokerage 2.5 4.0
Trading Platform 2.6 4.0
Customer Service 2.8 3.8
Research Capabilities 2.5 3.2
Overall Ratings Rated 2.6 stars Rated 4.1 stars
Broker Rating IDBI Capital is rated 2.6 of 5 based on 41 customer reviews Groww is rated 4.1 of 5 based on 72 customer reviews
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Contact Broker / Request A Call Back

  IDBI Capital Enquire Groww Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
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IDBI Capital Vs Groww Investment Options

  IDBI Capital Groww
Stock / Equity Yes Yes
Commodity No No
Currency No No
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes Yes
Other Investment Options Digital Gold, US Stocks, Fixed Deposits
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IDBI Capital Vs Groww Order Type Offered

  IDBI Capital Groww
Bracket Order No No
Cover Order No No
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) No No
Good Till Cancelled (GTC) Yes No
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IDBI Capital Vs Groww Research Report

  IDBI Capital Groww
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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IDBI Capital Vs Groww Suitable For Investor Type

  IDBI Capital Groww
Casual Investor Yes Yes
Active Investor
Trader
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IDBI Capital Vs Groww - Pros and Cons

  IDBI Capital Groww
Pros - Prepaid plans are available for volume traders.
  • Simple pricing model with low-cost trading charges.
  • Free Mutual Fund investments with no hidden charges.
  • Zero Account opening fee.
  • Zero Maintenance Charges.
  • Direct MF platform that helps you earn an extra 1.5% returns.
  • E-books, Resources, and Blogs that provide the basics and updates on the stock market to help investors make an informed decision.
  • Instant paperless account opening.
  • Online IPO application.
  • Inhouse Brokerage Calculator
  • Option to invest online in digital gold and US Stocks. Other products (Derivatives, FD) in the pipeline. 
Cons - Additional charge of Rs 2000 per year for installable trading platform.
  • Limited investment products with no option to currently trade in derivatives (futures & options), commodity, and currency segment.
  • Doesn't offer trading in SME shares.
  • No Call and Trade services.
  • Branch support not available.
  • Do not provide stock tips, research reports, or recommendations.
  • No Margin trading facility.
  • No Margin against shares.
  • Advanced order types like BO, CO, AMO, and GTT not available.
  • Trailling stop loss orders are not available in Groww app.
  • Do not offer NRI Trading.
Reviews

Groww is a Bangalore based broker offering online services to invest in Equity, IPO, and Direct Mutual Funds. Groww is registered with SEBI as a stock broker in the name of NextBillion Technology Limited. Groww is also a member of the NSE, BSE, and CDSL depository.

Groww is an online discount broker with a simple pricing model based on a flat fee. The company charges a lower of Rs 20 or 0.05% per executed trade and offers Free Mutual Fund services with no charges in investing or redemption of mutual funds.

The account opening with Groww is also free with no maintenance charges. It does not offer any tips, recommendations, and research services. Groww offers its trading platform called Groww on web and mobile app to enjoy a seamless trading experience for its investors.

Promo / Offers

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

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